PYV is one of the specialist providers of Professional Indemnity Insurance (PII) to Mortgage and General Insurance intermediaries.
The tie up will mean that MortgageStream users who purchase their PII cover from PYV will qualify for a preferential rate on their annual PI insurance. In addition, new and existing PYV clients will automatically qualify for an introductory discount off the annual license fee for MortgageStream.
Simon Lovat, assistant director for PYV Limited said: “We recognise that an intermediary who uses a dedicated Mortgage and General Insurance case management system is able to demonstrate a fully compliant audit trail covering the entire mortgage and GI sales and application process. We are keen to encourage intermediaries to employ best practices to run their back office. Intermediaries that use MortgageStream software should be able to demonstrate higher principles in their compliance procedures, thus helping to reduce their insurance risk. We are happy to promote MortgageStream to our clients due to the ease of use and the extensive range of complaint features which gives intermediaries the certainty that they need to run their business. In addition, we are excited that MortgageStream has chosen to recommend PYV to their users and feel this affiliation can only benefit intermediaries."
Paul Holden, sales director at MortgageStream, said: “MortgageStream is dedicated to bringing added value products and services to our users; the special PYV MortgageStream exclusive facility fulfils this requirement perfectly. PYV with their years of experience in providing insurance to intermediaries have demonstrated that they are an industry leading and innovative insurance broker who can create tailor made products for Mortgage and General Insurance intermediaries. This affiliation will benefit MortgageStream users in the way they have come to expect. We are very pleased that existing PYV customers will now benefit from the discounted software license fee and be able to access the range of added value options like Call and Interview Recording and SMS text messaging."
